Remarks

Cash flowing 16 units (2 - 8 unit buildings). Looking for a solid investment property with room to increase cash on cash significantly? This is the one. Never any vacancy unless wanted for unit turns.
Chippewa County has a strong need for affordable rental property. This property has 2 well maintained 8 unit buildings. 50% of the windows have been replaced. The exterior was recently painted and there is room to grow rents. 50 year Metal roofs on both buildings (approximately 10 years old). 2 BR units are 750 SF, 1 BR are 700 SF. Water, garbage and hot water are included in the rents. Tenants pay electricity, cable and internet. Coin operated laundry. Contact agent for P/L and showings. Strong, low maintenance, income producing property. Remaining showings cancelled, an offer has been accepted - 4/8/25

Details

MLS#: 6690933
Price: $800,000

Year Built: 1976

County: Chippewa-MN
Subdivision: Evans Park 2nd Add
Tax Fee: 7484.00